Air Products & Chemicals Earns “A-” Credit Rating from Morningstar (APD)
Air Products & Chemicals (NYSE:APD) has received an “A-” credit rating from analysts at Morningstar. The credit rating agency’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
APD has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Air Products & Chemicals in a research note on Thursday, August 7th. They now have a $139.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Air Products & Chemicals in a research note on Thursday, July 24th. They now have a $150.00 price target on the stock, up previously from $145.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Air Products & Chemicals in a research note on Thursday, July 24th. They now have a $126.00 price target on the stock, up previously from $107.00. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $129.00.
Shares of Air Products & Chemicals (NYSE:APD) traded down 0.10% on Monday, hitting $133.21. 960,225 shares of the company’s stock traded hands. Air Products & Chemicals has a 1-year low of $102.03 and a 1-year high of $136.91. The stock’s 50-day moving average is $132.7 and its 200-day moving average is $123.8. The company has a market cap of $28.376 billion and a price-to-earnings ratio of 27.90.
Air Products & Chemicals (NYSE:APD) last released its earnings data on Wednesday, July 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.01. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Air Products & Chemicals will post $5.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 10th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Monday, September 29th.
Air Products and Chemicals, Inc has a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services.
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